SFGTV2: San Francisco Government Television
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May 1, 2013
05/13
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SFGTV2
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middle-class people, people who are working and paying taxes that we need to have here for a functioning economy, so i am looking for ways to try to fund that, particularly for essential employees like teachers, nurses, first responders. projects coming up in the city like the renovation of dolores park, which is a once in 50 years opportunity to define what the park is and what changes we want to make to it. that will be a very significant projects. [inaudible] when was the last time it rained? there are puddles. we elect our supervisors by district, and it is very important to pay attention to the district, to be engaged in projects in the district, but we also represent the whole city. any supervisor that just focuses on the district without addressing the citywide issues is not doing his or her job. every day, i'd make sure i am working both on the citywide issues and on district issues. ♪ >> welcome to hamilton recreation and aquatics center. it is the only facility that has an integrated swimming pool and recreation center combined. we have to pools, the city's water slide, for little ki
middle-class people, people who are working and paying taxes that we need to have here for a functioning economy, so i am looking for ways to try to fund that, particularly for essential employees like teachers, nurses, first responders. projects coming up in the city like the renovation of dolores park, which is a once in 50 years opportunity to define what the park is and what changes we want to make to it. that will be a very significant projects. [inaudible] when was the last time it...
SFGTV2: San Francisco Government Television
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Apr 29, 2013
04/13
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SFGTV2
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man: infrastructure is vital to the american economy. water, after all, is an essential ingredient in hundreds of thousands of everyday products. narrator: agriculture and industry use roughly 80% of the water consumed in the united states. water is the basis for manufacturing many goods and provides the ability to clean and sterilize everything from computer chips to the surgical instruments used in hospitals. kelly: the minute that there's not enough water for businesses, industry, and individuals, they have to go elsewhere. and when they go elsewhere, jobs go elsewhere. your entire economy begins to suffer with the lack of clean water. narrator: while the water infrastructure provides for our health, safety, and economy, a growing concern is that the value society derives from water has not traditionally been reflected in the price we pay for water. man: when you take a look at how much people pay for water, as a percentage of median household income, it's usually less than 1%. and when you compare that to how much we pay for electric
man: infrastructure is vital to the american economy. water, after all, is an essential ingredient in hundreds of thousands of everyday products. narrator: agriculture and industry use roughly 80% of the water consumed in the united states. water is the basis for manufacturing many goods and provides the ability to clean and sterilize everything from computer chips to the surgical instruments used in hospitals. kelly: the minute that there's not enough water for businesses, industry, and...
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Apr 29, 2013
04/13
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LINKTV
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economy and announced he would not sign the accord. the decision by the united states not to participate in the kyoto accords touched off an uproar in european capitals. volatile protestors gathered outside the european union in gothenburg, sweden, in june of 2001, where president bush answered questions from the european press. we didn't feel like the kyoto treaty was well-balanced. it didn't include developing nations. the goals were not realistic. however, that doesn't mean we cannot continue to work together and will work together on reducing greenhouse gases. one can never forget that the united states is responsible for 25% of the world's emissions of greenhouse gases. schoumacher: natural scientists have pondered questions associated with greenhouse warming for a century, but the political, institutional, and economic issues have only begun to be considered. professor william nordhaus of yale university developed the first model of the economics of climate change a decade ago. now there are dozens of modeling groups worldwide. e
economy and announced he would not sign the accord. the decision by the united states not to participate in the kyoto accords touched off an uproar in european capitals. volatile protestors gathered outside the european union in gothenburg, sweden, in june of 2001, where president bush answered questions from the european press. we didn't feel like the kyoto treaty was well-balanced. it didn't include developing nations. the goals were not realistic. however, that doesn't mean we cannot...
SFGTV2: San Francisco Government Television
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May 3, 2013
05/13
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SFGTV2
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we need to have them here for a functioning economy. i am looking for ways to fund more of that kind of housing, particularly for a central employees like teachers, nurses, first responders. we need to make sure that our development is a transit- oriented. we do not want to encourage suburban sprawl. we want to do infill housing so that people can live near where they work and near public transportation. >> let's talk about public transportation. is there adequate muni service in your district? what is the parking and traffic situation like? >> muni is not near where it needs to be. in the caster, we have the subway. -- in the castro, we have the subway. a can be terrific or frustrating. we are next to the bart line. in other parts of the district, is unreliable. the writeridership is lower bece of unreliability. other lines are not as frequent and people not think of using them. we have a particular problem in diamond heights. the neighborhood is served primarily by the 52 line. it is incredibly unreliable. the buses miss runs-------.
we need to have them here for a functioning economy. i am looking for ways to fund more of that kind of housing, particularly for a central employees like teachers, nurses, first responders. we need to make sure that our development is a transit- oriented. we do not want to encourage suburban sprawl. we want to do infill housing so that people can live near where they work and near public transportation. >> let's talk about public transportation. is there adequate muni service in your...
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May 2, 2013
05/13
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CNBC
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they may start to pump money into the economies. the united states market is going be one of the best places to be over the next half decade. >> we're not a great market, just better than the others that stink. the exit from the fed's zero interest rate will be treacherous, exiting too fast will crash the real economy. >> the real point is we don't have any idea other than it has supported things for a while. and yes it certainly seems it doesn't sound earth shattering for me. >> if they see the economy weakening, they will not say they are concerned about assets. they have already prepared the market. the fed is here and we're going to help this. >> talk about a bang moment. they say they can keep the interest rates low for a long period of time. >> you have a new book out called restoring our american dream. and mario was asked if he was the last man standing in europe. what was his answer to that? i'm going to to paraphrase. i have always said when a country attempts to balance a budget in the near term it's going to slow the eco
they may start to pump money into the economies. the united states market is going be one of the best places to be over the next half decade. >> we're not a great market, just better than the others that stink. the exit from the fed's zero interest rate will be treacherous, exiting too fast will crash the real economy. >> the real point is we don't have any idea other than it has supported things for a while. and yes it certainly seems it doesn't sound earth shattering for me....
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May 3, 2013
05/13
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KQED
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economy. there is still relatively slow growth. we slowed from the winter in terms of economic growth, in terms of job growth. we are dealing with a number of problems on the horizon. the global picture is going to hurt us in the united states. the federal budget cuts are just starting to take effect. we have not gotten the full flavor of how those are going to hit different parts of the country. they already showing signs of suppressing wage growth. we have gotten very weak income growth in the united states. >> how about the long-term unemployed? do they have any prospects? >> about 12 million are unemployed. 4 million are unemployed for six months or more. as you stay on the unemployment roll, you start to drop off of that we big fear is are losing a lot of people out of the labor force. they are claiming disability benefits, or they are deciding to retire early or do something else, college or go to a one income household. this is a huge problem for the united states in the long term. any advanced economy that loses these many
economy. there is still relatively slow growth. we slowed from the winter in terms of economic growth, in terms of job growth. we are dealing with a number of problems on the horizon. the global picture is going to hurt us in the united states. the federal budget cuts are just starting to take effect. we have not gotten the full flavor of how those are going to hit different parts of the country. they already showing signs of suppressing wage growth. we have gotten very weak income growth in...
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May 4, 2013
05/13
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CNNW
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what economy was entirely drug based economy. now that the drugs are gone, there is no economy. it's a ghost town, a military and people sitting there staring at the space waiting for the beer to arrive. tell me something hopeful. >> i think we are becoming more and more conscious that this it's a ghost town, a military and people sitting there staring at the space waiting for the beer to arrive. tell me something hopeful. >> i think we are becoming more and more conscious that this past decade of violence has been absolutely useless, and that we have to change many, many things >> um-hmm. >> and so -- i think -- it's not as good as my mother's. i'm sorry. >> well, it never is. if you removed cocaine from the equation, removed the drug trade as a financial engine, you would still have serious division over ideology here. is that improving? >> things are changing in a good direction, but very slowly, i think. you know, ten years ago in medellin they killed 7,500 people every year. three years ago this number came to 700 people killed in medellin in the year. so the situation has
what economy was entirely drug based economy. now that the drugs are gone, there is no economy. it's a ghost town, a military and people sitting there staring at the space waiting for the beer to arrive. tell me something hopeful. >> i think we are becoming more and more conscious that this it's a ghost town, a military and people sitting there staring at the space waiting for the beer to arrive. tell me something hopeful. >> i think we are becoming more and more conscious that this...
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May 3, 2013
05/13
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KQEH
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those are areas that have been seeing job growth over the first quarter in the economy. >> are you seeing, john, any indication that the federal spending cuts, so-called sequester is driving anything in a measurable way? >> we didn't see it this month in terms of defense job cuts, but we know that's coming. certainly those budgets are being slashed, those kinds of announcements are going to be certainly ones we have seen in the summer throughout 2013, because they're just not going to be as much in the budgets to go around. so we will see more job cuts there going forward. >> you know, john, i find it interesting health care is on the list. yet when you talk to stock analysts, they say that health care is the area in many cases that is starting to grow. so why would that particular area see a significant number of job cuts? >> well, health care -- we saw some job cuts, but it is an area, you know, where we are seeing growth. that's what i would say. there is always change going on in everybody's sector. but health care has been creating jobs consistently, net new jobs really more than any
those are areas that have been seeing job growth over the first quarter in the economy. >> are you seeing, john, any indication that the federal spending cuts, so-called sequester is driving anything in a measurable way? >> we didn't see it this month in terms of defense job cuts, but we know that's coming. certainly those budgets are being slashed, those kinds of announcements are going to be certainly ones we have seen in the summer throughout 2013, because they're just not going...
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May 3, 2013
05/13
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CSPAN2
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and the economy -- improvement in the economy isn't necessarily producing the jobs that were expected or needed to have a quicker and more fuller recovery. >> let me ask halve -- one of the operating theory that economists have as to why, for example, more productive to certain more people that companies during the recession did the -- in your own company across the economy as you look at the issue. how true is that dynamic? what can we expect looking forward? to a lack of better word, [inaudible] of the economy. something that is real? >> i think that's only a major factor. without a doubt. it's been happening for awhile now. it hasn't just happened overnight. again, growing up in silicon valley you used to see places maintain that made cars in silicon valley. and all of a sudden it became are robots are doing that. and you just had stream line technology, management processes and what have you. so that certainly is an issue. the comment i want to make isn't so much of how we got here we but how do we avoid it. that's what i care about. the reality is, again, stefanie's cohort. they
and the economy -- improvement in the economy isn't necessarily producing the jobs that were expected or needed to have a quicker and more fuller recovery. >> let me ask halve -- one of the operating theory that economists have as to why, for example, more productive to certain more people that companies during the recession did the -- in your own company across the economy as you look at the issue. how true is that dynamic? what can we expect looking forward? to a lack of better word,...
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May 1, 2013
05/13
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WJLA
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economy. the big u.s. auto makers, gm, ford, chrysler, showing real signs of life. the strongest spring sales in five years. abc's chief business correspondent rebecca jarvis tells us which vehicles are selling so fast and why. >> smiling from ear to ear. >> reporter: rich safeeno is smiling because its all american ford dealership is having its best year since he opened for business at the height of the great recession in 2008. >> you just feel the volcano about to erupt. we're doing very well. >> reporter: in dealerships across the country, all said the same thing, americans are buying. >> consumer confidence. chance of losing a job is less. they know they have that paycheck. they're a whole lot more willing to come in and purchase a big item like an automobile. >> reporter: today's bestsellers are the ford fusion and honda accord. but what's really driving all of this -- trucks. the ram pickup chevy silverado and the ford f series. that speaks to the construction and housing come back. and to small, owners like this, who have bought 12 trucks in the last year. >>
economy. the big u.s. auto makers, gm, ford, chrysler, showing real signs of life. the strongest spring sales in five years. abc's chief business correspondent rebecca jarvis tells us which vehicles are selling so fast and why. >> smiling from ear to ear. >> reporter: rich safeeno is smiling because its all american ford dealership is having its best year since he opened for business at the height of the great recession in 2008. >> you just feel the volcano about to erupt....
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pilot and founder will fly solar impulse 40 miles per hour from a small cockpit with no heat in an economy-style see seat. the plane is as light as a car. it runs fuel-free. >> former swiss air force pilot partners with the mission. >> you can glide to 30,000 feet. you can fill up the battery. >> full power may power homes and cars. >> from moffett field will journey over the next two months to phoenix then new york. >> to dry we'll never be able to do it. >> the price tag is $140 million. we're told a lot of support came from european investors and companies and get this works is underway to build a second solar plane for a possible round the world flight in 2015. >> remarkable. >> team looks like it also, clouds may enter the picture sunday. let's take a look at live doppler 7 hd. you can see cloud-free skies. we do expect low clouds and fog. looking at blue western sky, temperatures 74 degrees in san francisco. 83 now in oakland. 59 in half moon bay. another live view looking at ocean beach 87 in napa. 92 in los gatos, traveling down to graphic display of the skyline of downtown san jose. fog
pilot and founder will fly solar impulse 40 miles per hour from a small cockpit with no heat in an economy-style see seat. the plane is as light as a car. it runs fuel-free. >> former swiss air force pilot partners with the mission. >> you can glide to 30,000 feet. you can fill up the battery. >> full power may power homes and cars. >> from moffett field will journey over the next two months to phoenix then new york. >> to dry we'll never be able to do it. >>...
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our concern sthait would have pushed undocumented workers into an underground economy. >> we spoke to a professor saying he is worried it will pull the rights of his own computer science students in jeopardy. a very complicated ask contested issue but one of several thing that's people are demonstrating here. the demonstration come to accomplish all of the complicated. this protest is large and peaceful due to the nice weather here in san francisco. >> let's head now down to san jose. over the crowd, abc 7 joins us now. they're marching to city hall, right? >> they're on their way right now heading towards city hall there. is a big plaza and they plan to have a big rally with speeches from community leaders. this started at about 3:00 this afternoon. the crowd gathered on the east side. that is where where an active priest tried to push ingraigs reform trying to get voices of the people heerd in washington. and also, that path to citizenship is important. that is why you'll see a lot of people -- there moving more slowly and there is lividdo they're making slow progress coming along t
our concern sthait would have pushed undocumented workers into an underground economy. >> we spoke to a professor saying he is worried it will pull the rights of his own computer science students in jeopardy. a very complicated ask contested issue but one of several thing that's people are demonstrating here. the demonstration come to accomplish all of the complicated. this protest is large and peaceful due to the nice weather here in san francisco. >> let's head now down to san...
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find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines in two kinds a report. they all see themselves as dying swans in their dreams. but only one of the cells will ever make it to the top. of their need to give their lives for the chance to die on stage if only once. not even broken wings capital of them. for generations at the moment. they sweat and tears. lately. a little more of you are saying that it was like. have you ever seen what goes on at slaughterhouses and how animals are treated before their butchered if you have them you know how horrific these images are they're so disturbing that they often incite public outrage in some instances garner enough support to put an end to some of those any humane animal practices but it's become nearly impossible to shine a light on this cruel treatment due to new state initiatives which many refer to as ag gag laws so legislation cracks down on those who report or distribute and images taken within the factories the language though even goes as far as labeli
find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines in two kinds a report. they all see themselves as dying swans in their dreams. but only one of the cells will ever make it to the top. of their need to give their lives for the chance to die on stage if only once. not even broken wings capital of them. for generations at the moment. they sweat and tears. lately. a little more of you are saying that it was...
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that raising wages for low income workers would actually cause more unemployment and a less stable economy well that's exactly what i talked with leslie appalled about director of the labor center of new york i asked for his response to the argument against raising it and here's what he had to say. the minimum wage. and it's better than one thousand nine hundred years ago it was. the day the argument is that somehow if you raise the minimum wage you know you know. you're. going to hire in the way you know lower minimum wage if you can do when you have a higher minimum wage your workers. were less western oh. you know we doing the job training because the employer and on. you know makes a good point of business is gave workers a living wage then there would be more incentive to do a better job as the cost of living gets higher and higher by the year it only makes sense the minimum wage would reflect the cost of living doesn't seem like too much to ask so on the heels of may day let's take a moment to think about this issue and the plight of workers who make this country function because the
that raising wages for low income workers would actually cause more unemployment and a less stable economy well that's exactly what i talked with leslie appalled about director of the labor center of new york i asked for his response to the argument against raising it and here's what he had to say. the minimum wage. and it's better than one thousand nine hundred years ago it was. the day the argument is that somehow if you raise the minimum wage you know you know. you're. going to hire in the...
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May 2, 2013
05/13
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WMAR
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all of that selling was blamed on several signs of a slowing economy, one of those sign, new indications of a softening job market. private employers added 119,000 jobs last month. that's the fewest in seven months. march's numbers were also revised lower and the federal reserve issued a warning. it said tax increases and spending cuts that i can canned in this year are slowing growth. >>> frontier airlines adding a fee for carry-on bags and plan to start charging 2 bucks for soda and coffee. the new fee will be $25 if paid in advance. 100 at the gate. it applies to bags in the overhead bin so small bags under the seat are still free. passengers who buy ticks on frontier's website won't have to pay the new fees. >>> the latest jcpenney ad apologized for the changes it made over the past few months and acknowledges missteps and asks customers to come back to the store. the new ceo got rid of most of the sales and brought in hip new brands and drove away loyal customers and sales plummeted. >>> what may be the ultimate in high fashion geek ware as arrived. google glass, a high-tech headset
all of that selling was blamed on several signs of a slowing economy, one of those sign, new indications of a softening job market. private employers added 119,000 jobs last month. that's the fewest in seven months. march's numbers were also revised lower and the federal reserve issued a warning. it said tax increases and spending cuts that i can canned in this year are slowing growth. >>> frontier airlines adding a fee for carry-on bags and plan to start charging 2 bucks for soda and...
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Apr 30, 2013
04/13
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CNBC
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>> what's an economy? >> reporter: hence why the ceo launched a financial literacy program where girls can earn up to 26 badges for things like building good credit, running profits and acing a profits and losses lesson. >> it's really teaching them about money is, how you save it, how you physically count it, which is important, as we have gotten into credit cards and debit cards. sometimes girls don't understand that money is a physical thing and that you need money in a bank to actually spend it. so we're teaching them those concepts. >> as adorable as they are, the concepts already ever more important when they take their cookies sales online. a lot of people will be excited about that. >> big e-commerce opportunities. i was thinking when i'm watching that, they've come a long way. when i got badges they were things like cooking, sewing, tying a knott. >> these girls are amazing. they're using a cookie app. where they post their location and people wo want to buy cookies can find them. some are even ac
>> what's an economy? >> reporter: hence why the ceo launched a financial literacy program where girls can earn up to 26 badges for things like building good credit, running profits and acing a profits and losses lesson. >> it's really teaching them about money is, how you save it, how you physically count it, which is important, as we have gotten into credit cards and debit cards. sometimes girls don't understand that money is a physical thing and that you need money in a...
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that raising wages for low income workers would actually cause more unemployment and a less stable economy well that's exactly what i talked with less leopold about director of the labor center of new york i asked for his response to the argument against raising it and here's what he had to say. the minimum wage i ring the sixty's in real terms and it's better than one hundred sixty x. fifty years ago it was on a very real but then the argument is that somehow if you raise the minimum wage you'll cut down jobs but study after study has been done about every. the same kind of business in the state with a higher minimum wage than the lower men on wages you would find is when you have a higher minimum wage your workers become more committed for less less from the lower left leaving the job left training costs to be employed and on and on not. you know makes a good point business is gave workers a living wage then there would be more incentive to do a better job as the cost of living gets higher and higher by the year it only makes sense the minimum wage would reflect the cost of living doesn'
that raising wages for low income workers would actually cause more unemployment and a less stable economy well that's exactly what i talked with less leopold about director of the labor center of new york i asked for his response to the argument against raising it and here's what he had to say. the minimum wage i ring the sixty's in real terms and it's better than one hundred sixty x. fifty years ago it was on a very real but then the argument is that somehow if you raise the minimum wage...
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May 2, 2013
05/13
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KICU
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mastercard cited a "choppy economy" for its results. the company missed on revenue estimates. over at time warner, slow sales of magazines and movies kept revenue flat. however, its ceo said it's off to a strong start in the first quarter. phillips 66 was the silver lining of the day. rising oil prices helped the company's profits double. sales are springing forward for u.s. automakers. april was the strongest month since 2007, with gm, ford and chrysler all posting double-digit gains on the backs of a surge in truck and suv sales. ford sales rose 17.9%, gm and chrysler both had 11% growth. honda sales were also up by 7.4%. toyota slipped 1.1%, while volkwagen was off by 10%. it must be celebration time, because investors are turning to sin stocks. the consumers staples sector is up 4% - that includes beer and spirit stocks like anheuser busch inbev, diageo and beam incorporated. the reason? more drinkers in emerging markets are toasting with western spirits and beer. and, customers tend to be very loyal to their drink of choice. drugmaker stocks turned into eye-poppers on wal
mastercard cited a "choppy economy" for its results. the company missed on revenue estimates. over at time warner, slow sales of magazines and movies kept revenue flat. however, its ceo said it's off to a strong start in the first quarter. phillips 66 was the silver lining of the day. rising oil prices helped the company's profits double. sales are springing forward for u.s. automakers. april was the strongest month since 2007, with gm, ford and chrysler all posting double-digit gains...
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Apr 29, 2013
04/13
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CNBC
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we're seeing japan now doing 20% of their economy in terms of qe. more is expected, perhaps, wednesday, thursday from the -- from our central bank and europe in terms of more information on how to proceed from here. but ultimately the governments are having a big impact on what's happening fundamentally. and you have to pay attention to them along with the private sector. >> we'll leave it there. gentlemen and lady, we appreciate it. appreciate your time tonight. >>> up negs, we're zeroing in on energy. energy independence. billionaire oil tycoon boone pickens says the u.s. is making its way there. he'll join me in a first on cnbc interview about making money on energy next. >>> later, hard to believe it's been six months since superstorm sandy battered the east coast. hartford financial ceo will talk with me exclusively about the company's bottom line. where it's still taking a hit from that devastating storm. back in a moment on "closing bell." and never back down. who believe the american dream doesn't just happen, it's something you have to work
we're seeing japan now doing 20% of their economy in terms of qe. more is expected, perhaps, wednesday, thursday from the -- from our central bank and europe in terms of more information on how to proceed from here. but ultimately the governments are having a big impact on what's happening fundamentally. and you have to pay attention to them along with the private sector. >> we'll leave it there. gentlemen and lady, we appreciate it. appreciate your time tonight. >>> up negs,...
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Apr 30, 2013
04/13
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FBC
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>> well, as i said, the economy starts taking off. demand for everything will grow which will create opportunities for investment. the u.s. the sec a great place to invest. more competitive, trying now wages, cheap energy for the first time. advanced manufacturing. that is why we have been building new plants. as we like to say to my training gap, hoping that this program will help us and our customers for software build some of that training. liz: the announcement, it will become official at 4:00 p.m. eastern. siemens is going to train for free thousands and thousands of veterans press some other higher-paying jobs and programs. thank you so much. very patriotic in good job. we appreciate it. thank you so much. we will see you next time. the closing bell ringing in about seven and a half minutes. live here. more from the milken conference. the brilliant minds out here. two media giants, direct tv chairman and ceo in a fox business exclusive. and willis to the media ceo, did not miss those big interviews. plus, after the break, last c
>> well, as i said, the economy starts taking off. demand for everything will grow which will create opportunities for investment. the u.s. the sec a great place to invest. more competitive, trying now wages, cheap energy for the first time. advanced manufacturing. that is why we have been building new plants. as we like to say to my training gap, hoping that this program will help us and our customers for software build some of that training. liz: the announcement, it will become...
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May 1, 2013
05/13
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FOXNEWSW
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that's because the economy is up. if you are in the bridal party they said $577. we have been brides maids before. it's more than that always. the trends they are noticing a lot of people send a gift and not go to the wedding. >> if you are a bridesmaid you have to buy the awful dress anyway. >> and do the bachelorette party. >> obama care supposed to provide all americans with healthcare. why do people not know it exists? >> stuck between a rock and a hard place. he tries to cross the border but it doesn't go as planned. ♪ hey everybody, hi mom... streaming live with a tour of my new place... knowing you can still reach out. ... and now you've seen it. that's powerful. verizon. get mom a lucid 2 by lg for free. with the innovating and the transforming and the revolutionizing. it's enough to make you forget that you're flying five hundred miles an hour on a chair that just became a bed. you see, we're doing some changing of our own. ah, we can talk about it later. we're putting the wonder back into air travel, one innovation at a time. the new american is arrivi
that's because the economy is up. if you are in the bridal party they said $577. we have been brides maids before. it's more than that always. the trends they are noticing a lot of people send a gift and not go to the wedding. >> if you are a bridesmaid you have to buy the awful dress anyway. >> and do the bachelorette party. >> obama care supposed to provide all americans with healthcare. why do people not know it exists? >> stuck between a rock and a hard place. he...
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Apr 30, 2013
04/13
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CNBC
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i recognize that the economy is just so-so. what's going to be the catalyst to actually create that 10% sell-off? >> i think it's just further erosion over time. it's interesting, the break in the price of gold a couple of weeks ago is sort of like a canary in the coal mine. we saw how quickly money can leave a sector and then a bottom seems to occur and people get comfortable again. i just think that once people wake up to the fact that the economy is slowing a lot more than we'd expected, not that we're going to have a recession, not that we're going into a bear mark, that we had priced for perfection. a month ago, i couldn't get anybody to tell me anything that was wrong with the economy. >> are there areas that you think are going to lead this correction? what are the areas you think that are most, you know, overvalued, that perhaps could be the stocks that get hit hardest? >> well, i think that you want to get the cyclicals, the consumer discretionary stocks, those are probably good candidates to go. i think the financials
i recognize that the economy is just so-so. what's going to be the catalyst to actually create that 10% sell-off? >> i think it's just further erosion over time. it's interesting, the break in the price of gold a couple of weeks ago is sort of like a canary in the coal mine. we saw how quickly money can leave a sector and then a bottom seems to occur and people get comfortable again. i just think that once people wake up to the fact that the economy is slowing a lot more than we'd...
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May 5, 2013
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it pumps about 20 milli$20 mill the economy. so what's happening is these companies directly involved, they're saying, look, the solution is to pull out, but what does that do? it creates a backlash effect, because that's what the locals rely on for their wages and what have you. >> so when you think about not buying the products, then are you essentially putting people out of work there? it's a catch-22. >> it is a catch-22. what i would say and what a lot of advocacy groups who side on behalf of the workers are saying, look, there's no real transparent way to tell when a garment is made, what factory it was made from, but look at the labels, be an educated consumers of those products. if it has a cheap price tag, that doesn't always mean that it's good or that it's playing into what's going on, but be aware whether it's with the clothes you wear or the foods you consume, just know what you're purchasing. >> awareness is the first step. thank you, azadeh. >> you're welcome. >>> men, women, self-images and soap? switch your car
it pumps about 20 milli$20 mill the economy. so what's happening is these companies directly involved, they're saying, look, the solution is to pull out, but what does that do? it creates a backlash effect, because that's what the locals rely on for their wages and what have you. >> so when you think about not buying the products, then are you essentially putting people out of work there? it's a catch-22. >> it is a catch-22. what i would say and what a lot of advocacy groups who...
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Apr 30, 2013
04/13
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economy get back to a sustained growth rate? >> well, i think we need some, you know, some real commitment to free markets, real commitment to balance sensible regulations. not just more regulation. a commitment to having a competitive tax structure. right now we hear over and again that's an issue for american based multinationals and people looking to invest their capital here. i also think we need to focus on promoting an eco system for investment. we want investors to come here, allocate their capital to the united states to go and create wealth and build value. >> so that means supporting small business, supporting business so they do invest in innovation? >> we want to be the destination for entrepreneurial investment. we've got to talk to small business people. we know that the job generators, innovation breeds jobs. >> eric cantor, great to have you on the program. i know we wanted to have more time. we hope you'll come back and join us for an extended interview. that'll do it for "closing bell." thanks so much for being
economy get back to a sustained growth rate? >> well, i think we need some, you know, some real commitment to free markets, real commitment to balance sensible regulations. not just more regulation. a commitment to having a competitive tax structure. right now we hear over and again that's an issue for american based multinationals and people looking to invest their capital here. i also think we need to focus on promoting an eco system for investment. we want investors to come here,...
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May 1, 2013
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what he's seeing and how he plans to brighten the economy's bottom line, even as the economy spurts. stick around on "closing bell." combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ge has wired their medical hardware with innovative software to be in many places at the same time. using data to connect patients to software, to nurses to the right people and machines. ♪ helping hospitals treat people even better, while dramatically reducing waiting time. now a waiting room is just a room. [ telephone ringing ] [ static warbles ] [ beeping ] red or blue? ♪ >>> welcome back. clorox reporting profits edged higher in the fiscal third quarter, but s
what he's seeing and how he plans to brighten the economy's bottom line, even as the economy spurts. stick around on "closing bell." combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity....
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May 1, 2013
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now on to the economy. americans are feeling better about jobs and pay increases and as a result the survey of consumer confidence rebounded after a sharp drop in march. another reason for the confidence is a jump in home values. home prices in february rose on average 9%. that's the biggest year-to-year increase since 2006. the case schiller index shows that phoenix led the way with prices up 23%. san francisco was up 19%. dallas, 7%. boston and chicago 5%. and new york home prices were up about 2%. there is a big increase too in los angeles. and here's carter evans. >> reporter: home prices in los angeles are up more than 14% over last year. rising so quickly, alex griswald had to rethink his plan to buy a bigger home for their growing family. >> we decided that the best way to get a good house in a good area for us for the next five to ten years was actually building a new, a completely new house here. >> reporter: the rising value of their home allowed the griswalds to take out a home equity loan to pay
now on to the economy. americans are feeling better about jobs and pay increases and as a result the survey of consumer confidence rebounded after a sharp drop in march. another reason for the confidence is a jump in home values. home prices in february rose on average 9%. that's the biggest year-to-year increase since 2006. the case schiller index shows that phoenix led the way with prices up 23%. san francisco was up 19%. dallas, 7%. boston and chicago 5%. and new york home prices were up...
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. >> a new estimate this morning says the attack did over $300 million in damage to the boston economy. that's when lost wages, retail sales and damage to infrastructure are taken into account. >> there's also news on the investigation. for that we're joined from washington by abc's devin dwyer. good morning, devin. >> reporter: good morning, diana and john. authorities believe they've now identified a turning point when tamerlan tsarnaev, an american resident, allegedly became radicalized. this russian mosque, a known gathering spot for extremists is the new focus of the bombing investigation. it's there u.s. officials believe that tamerlan tsarnaev met with this man, mansour nadal, a known terror recruiter killed by russian authorities last year. >> tamerlan tsarnaev. >> reporter: this video obtained by "entertainment tonight" is the first time we heard tamerlan's voice. the young american boxer who authorities say had internet contact with william plotnikov, a canadian man who joined a terror group. the alleged connections offer new clues about what might have inspired him on a trip
. >> a new estimate this morning says the attack did over $300 million in damage to the boston economy. that's when lost wages, retail sales and damage to infrastructure are taken into account. >> there's also news on the investigation. for that we're joined from washington by abc's devin dwyer. good morning, devin. >> reporter: good morning, diana and john. authorities believe they've now identified a turning point when tamerlan tsarnaev, an american resident, allegedly...
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economists are saying that certainly unions are a large impact have a very positive impact on the way the economy runs and operates that are saying that certainly recession is a very good time for people to be able to organize to kind of get the ball rolling again but certainly that's not the case there definitely goes on to be a concentrated effort to crush unions and especially with the whole wisconsin debacle and really look at these right to work states which is choosing whether or not you can join a union it is interesting to see that those states actually have higher instances of safety workplace death standards and ramon i mean speaking of just this instance i mean west texas texas of course is a is a right to work state a horrible explosion in the west texas fertilizer factory and as we know the occupational safety and health administration hasn't inspected the plant for years i mean you were there on the ground in the immediate aftermath of this how you've been following up are there any sort of initiatives coming out of the tragedy demanding for better workplace safety and full funding
economists are saying that certainly unions are a large impact have a very positive impact on the way the economy runs and operates that are saying that certainly recession is a very good time for people to be able to organize to kind of get the ball rolling again but certainly that's not the case there definitely goes on to be a concentrated effort to crush unions and especially with the whole wisconsin debacle and really look at these right to work states which is choosing whether or not you...
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. >> the economy not collapsed around your ears john, in the middle of literally as things were moving. you at least would have, i think you probably would have won. but it would have been incredibly, incredibly closer. >> i appreciate the fact that my dear friend would say something like that, but i doubt if the outcome would have been a lot different. but i can always hope it might have been. >> so you served as the communications director for the president's '08 campaign. what is your response to that one. >> you guys have to love joe biden. every time he speaks, there's a news story. i would say this. i would disagree with what the vice president said. i think there were two things about that time period -- granted the race was close. but two things in that time period, the picking of sarah palin which i think hurt john mccain even after the initial buzz. and when lee mon collapsed when the economy started to accelerate in a downturn, i think people watched the reaction of the two candidates and came away from the fact that mckin didn't seem as steady in a crisis as they wanted. an
. >> the economy not collapsed around your ears john, in the middle of literally as things were moving. you at least would have, i think you probably would have won. but it would have been incredibly, incredibly closer. >> i appreciate the fact that my dear friend would say something like that, but i doubt if the outcome would have been a lot different. but i can always hope it might have been. >> so you served as the communications director for the president's '08 campaign....
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it's the real economy five years from now. and that's why i don't get so breathless at the latest readings on inflation. >> sobering comments. kevin, good to have you on the program. >> thank you. >> kevin warsh joining us. distinguished visiting fellow at stanford university's hoover institute. former fed governor. >>> 40 minutes left on the trading session. we're coming back a little here. dow is up 102 points. the bias we are told is to the upside but only slightly right now. >>> of course, dividends really the way to go. the dow jones utility average hitting at another five-year high. there are a lot of dividend payers in there. back in a moment. man: how did i get here? dumb luck? or good decisions? ones i've made. ones we've all made. about marriage. children. money. about tomorrow. here's to good decisions. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your family's future? we'll help you get there. and never back down. who b
it's the real economy five years from now. and that's why i don't get so breathless at the latest readings on inflation. >> sobering comments. kevin, good to have you on the program. >> thank you. >> kevin warsh joining us. distinguished visiting fellow at stanford university's hoover institute. former fed governor. >>> 40 minutes left on the trading session. we're coming back a little here. dow is up 102 points. the bias we are told is to the upside but only slightly...
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. >> reporter: president obama arrived yesterday in mexico city where the economy tops the agenda during his three-day tour of latin america. the issue of immigration reform, however, will be hard to ignore. >> i'm optimistic about us getting this done because it's the right thing to do. we've seen leaders from both parties indicate that now is the time to get comprehensive immigration reform done. if we're going to get that done now is the time to do it. >> reporter: with congress poised to overhaul the nation's immigration laws mr. obama will have to tread carefully while he's here. any public comments he makes could impact the delicate negotiations back home. although immigration and border security will consume much of the conversation, the trip is intended to focus on economic relations and trade between the u.s. and its southern neighbor. security concerns in the fight against drug trafficking are also high on the to do list. mr. obama is hitting the ground running spending the afternoon in his first extended meetings with mexico president who just assumed office five months ago. t
. >> reporter: president obama arrived yesterday in mexico city where the economy tops the agenda during his three-day tour of latin america. the issue of immigration reform, however, will be hard to ignore. >> i'm optimistic about us getting this done because it's the right thing to do. we've seen leaders from both parties indicate that now is the time to get comprehensive immigration reform done. if we're going to get that done now is the time to do it. >> reporter: with...
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May 4, 2013
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the economy added 114,000 jobs in those months than previous thought. the economy has added a an average of 173,000 jobs a month for the last year, and that means march and april were below avenue repblg months and the economy could be headed for another tough spring and summer. but the dow touched 15,000 for the first time ever friday morning. and s&p crossed 1,600 for the first time ever, and that was important because the s&p 500 is more closely watched by investors, and it's a reflection of the average american's investment. there was a seven-year drought between dow 11,000 and dow 12,000, and it has taken a year to get to 12,000 in july of 2006 to 14,000 in july of 2007. but here is the problem, it's being fueled more so by the federal reserve. the jobs picture is improving. another milestone we will have to wait for next week, the first close above 15,000. and the dow ended after a gain, but a pretty good day to end the week. randi? >> alison kosik, thank you very much. >>> in the wake of the marathon bombings, security is tight at kentucky derby,
the economy added 114,000 jobs in those months than previous thought. the economy has added a an average of 173,000 jobs a month for the last year, and that means march and april were below avenue repblg months and the economy could be headed for another tough spring and summer. but the dow touched 15,000 for the first time ever friday morning. and s&p crossed 1,600 for the first time ever, and that was important because the s&p 500 is more closely watched by investors, and it's a...
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. >>> we got some incredible news on our economy today that the dow had hit an all-time high. unemployment, dipping to its lowest level in years. >> we are gaining jobs. over 160,000 new jobs. unemployment has ticked down. that's good news. it's an improvement, but not impresssive. >> shepard: tonight where we stand and where we're headed. plus, airport luggage handlers caught on camera stealing from passengers' bags right inside the airplane. cash, electronics, from the suitcase noose their pockets. and actress reese witherspoon pleads no contest after this video surfaces. >> you better not arrest me. are you kidding me? >> no, i told you. >> i'm an american citizen. >> shepard: an american citizen run-in with the law coming up. >> shepard: it's been more than half a decade since the dow jones topped 14,000. that was right before the financial collapse. it's been a painful climb back. today for the first time since then, the dow hit new milestone, 15,000. happened after the feds released their monthly employment report showing companies added 165,000 jobs in april. that's mor
. >>> we got some incredible news on our economy today that the dow had hit an all-time high. unemployment, dipping to its lowest level in years. >> we are gaining jobs. over 160,000 new jobs. unemployment has ticked down. that's good news. it's an improvement, but not impresssive. >> shepard: tonight where we stand and where we're headed. plus, airport luggage handlers caught on camera stealing from passengers' bags right inside the airplane. cash, electronics, from the...
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Apr 29, 2013
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if they were to fail, there would be significant distraction to the economy. today, they get paid in equity. we need to go back to first principles. how are reinventing them? how are we judging them? liz: where is the systemic risk that we do not see. i am worried about the french banks in the u.s. exposure to them. >> you worry about all of them. it will be something that we do not expect. analysts were saying, where in the heck is cyprus? people are all over it. if you go back in time, there are a lot of people talking about the subprime issue. the subprime thinkers, researchers have recently showed, they were buying real estate for their personal account right before the downturn. liz: sallie krawcheck calling it out and saying money funds, money market funds may be the next worry some bubble. interesting to watch. when you have somebody like sallie krawcheck saying it is buyer beware, we want to make sure that it is on the record. closing bell ringing in 25 minutes. encouraging news for some homeowners today. we break down the hottest housing numbers next.
if they were to fail, there would be significant distraction to the economy. today, they get paid in equity. we need to go back to first principles. how are reinventing them? how are we judging them? liz: where is the systemic risk that we do not see. i am worried about the french banks in the u.s. exposure to them. >> you worry about all of them. it will be something that we do not expect. analysts were saying, where in the heck is cyprus? people are all over it. if you go back in time,...
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is it possible to navigate the economy with all the details such as dixon misinformation and media hype to keep you up to date by decoding the mainstream have stated it's in your mind. let me let me are going to let me ask you a question. here on this network because we're out of the bank we have our knives out. to leave you this sorry to say staying there to get married at the rate we're being i didn't really talk about surveillance me. a little worse for those who. might have to give it to the radio guy and for a minute. i want. to give you never seen anything like this i'm telling. well new information reaming and about the boston bombings that rocked the nation nearly three weeks ago and three more suspects have been taken into custody on accusations that they interfered with the investigations into the attacks during the boston marathon now the boston police department released the news in a tweet pro. biding assurance that there was no new threat to public safety appeared in federal court in boston this afternoon and for more on these hearings and the suspects themselves artie's c
is it possible to navigate the economy with all the details such as dixon misinformation and media hype to keep you up to date by decoding the mainstream have stated it's in your mind. let me let me are going to let me ask you a question. here on this network because we're out of the bank we have our knives out. to leave you this sorry to say staying there to get married at the rate we're being i didn't really talk about surveillance me. a little worse for those who. might have to give it to...
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even managing too spook a number of democrats including senator max baucus. >> with the economy stagnant, if we implement obama care now it'll kill jobs. >> still trying to figure out how to implement it. >> definitely a problem on your hands when the chief of obama care has said it will be a quote, train wreck to implement. >> i urge my friends on the other side to join with republicans and stop the train wreck. stop this train wreck before things get even worse. >> i love it when mitch mcconnell gets passionate. in the house in senate committee, on the senate floor with 36 repeal votes by underfunding it and by challenging in the courts, but none of that has worked. here is what they are trying to do now in perhaps their most cynical move yet. they are making implementation of obama care as much as a disaster as possible so that in 2014 they can run against what a disaster it is. there are 15 states of republican governors who said they will not participate in the medicaid expansion and are setting up exchanges. that doesn't include legislators from state houses who are balking at appr
even managing too spook a number of democrats including senator max baucus. >> with the economy stagnant, if we implement obama care now it'll kill jobs. >> still trying to figure out how to implement it. >> definitely a problem on your hands when the chief of obama care has said it will be a quote, train wreck to implement. >> i urge my friends on the other side to join with republicans and stop the train wreck. stop this train wreck before things get even worse....
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economy draws most, but cabrera says many are under the impression that immigration reforms being discussed in washington may allow them to remain. >> once the first group comes across, they call family, they call their friends, and let them know that, hey, the time is right. come on over. >> reporter: in mccallen, recently, agents had to use their station's carport to process 800 people who had been caught. >> the people in washington, they have this idea that the border is safe, the border is secure, and i think they need to come down here and take a look. >> reporter: members of congress from border states insist immigration reforms be tied it adding more guards, cameras, and drones. the border patrol is shifting agents from lor aido to the rio grande sector. >> this is a gun i keep here. >> reporter: but juan mercado plans to rely on his own security system. >> get a clip. >> reporter: you're ready. >> you're ready to go. >> reporter: a person line of defense on the front lines of a national debate. anna werner, cbs news, mccallen, texas. >> schieffer: in afghanistan, american women are
economy draws most, but cabrera says many are under the impression that immigration reforms being discussed in washington may allow them to remain. >> once the first group comes across, they call family, they call their friends, and let them know that, hey, the time is right. come on over. >> reporter: in mccallen, recently, agents had to use their station's carport to process 800 people who had been caught. >> the people in washington, they have this idea that the border is...
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/mexico border on the colorado river this arizona city of about 100,000 has an economy based on the agricultural industry that provides 90% of the lettuce crop, military spending and tourism but also struggles with an unemployment rate of 26%. one of the highest in the country. with the help of our time warner cable partners for the next half-hour we will travel to yuma to meet with local lawyers and members of the literary community to help us understand the culture of the region. we begin our special look at you love with a 1947 publicity stop that had a goal of getting a local air base reopened. .. >> the same thing was happening with the proving ground. it was closing down. and the little town of yuma had about 9,000 population, and that
/mexico border on the colorado river this arizona city of about 100,000 has an economy based on the agricultural industry that provides 90% of the lettuce crop, military spending and tourism but also struggles with an unemployment rate of 26%. one of the highest in the country. with the help of our time warner cable partners for the next half-hour we will travel to yuma to meet with local lawyers and members of the literary community to help us understand the culture of the region. we begin our...
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the americans are feeling more confident about the economy. the conference board's monthly survey found that people are optimistic people will increase hiring and salaries. the housing market also saw a rebound. prices in february rose by more than 9%. that is the biggest jump in nearly seven years. phoenix saw the biggest rise in home values at 23%. the good news listed stocks on wall street. the dow and nasdaq each gained 21 points. >>> apple sold a record amount of bonds on tuesday, $17 billion worth. the tech company is raising money for increased dividends and stock buyback, but apple doesn't need to borrow the cash. it's got $145 billion in the bank but mostly overseas. apple says it will not move that money back on shore unless federal corporate tax rates are lowered. >>> and if you live in nevada, you can gamble legally without ever leaving your couch. the state agreed to a 30-day field trial with the company ultimate gaming. it offers internet poker for anyone 21 and older whose computer is in nevada. experts predict internet gaming c
the americans are feeling more confident about the economy. the conference board's monthly survey found that people are optimistic people will increase hiring and salaries. the housing market also saw a rebound. prices in february rose by more than 9%. that is the biggest jump in nearly seven years. phoenix saw the biggest rise in home values at 23%. the good news listed stocks on wall street. the dow and nasdaq each gained 21 points. >>> apple sold a record amount of bonds on tuesday,...
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May 3, 2013
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payrolls to rise by $148,000, rebounding from march but still not enough to offset recent signs the economy may be slowing. unemployment is expected to hold at 7.6%. >>> and barnes & noble is beefing up the nook to make the tablet more competitive with the kindle and ipad. the hd version will come with google's app store and other google services such as g-mail and google maps. >>> and apple is closing in on a big milestone. 50 billion apps downloads. to mark the occasion, the company will give a gift card to the person who helps put it over the top. an explosion in downloads having hit 35 billion just last october. dara? >> thanks, kayla. >>> elsewhere, crude oil had its best day of the year. imports hit a 17-year low due to increased production here in the u.s. >>> news of the deadly factory collapse in bangladesh has brought to light disney's decision to pull its business from factories in that country. that decision came before april's collapse. at least 500 bodies have been pulled from the rubble. >>> just in time for warren buffett's annual berkshire hathaway shareholder meeting, the
payrolls to rise by $148,000, rebounding from march but still not enough to offset recent signs the economy may be slowing. unemployment is expected to hold at 7.6%. >>> and barnes & noble is beefing up the nook to make the tablet more competitive with the kindle and ipad. the hd version will come with google's app store and other google services such as g-mail and google maps. >>> and apple is closing in on a big milestone. 50 billion apps downloads. to mark the occasion,...